Caterpillar Inc. $CAT Shares Purchased by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 9.8% during the second quarter, HoldingsChannel.com reports. The fund owned 1,551 shares of the industrial products company’s stock after acquiring an additional 139 shares during the period. Rosenberg Matthew Hamilton’s holdings in Caterpillar were worth $602,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Pacific Point Advisors LLC bought a new position in Caterpillar during the 4th quarter worth $579,000. Brighton Jones LLC grew its position in shares of Caterpillar by 51.5% during the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock worth $2,688,000 after acquiring an additional 2,519 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Caterpillar by 32.0% in the 1st quarter. GAMMA Investing LLC now owns 11,311 shares of the industrial products company’s stock worth $3,730,000 after acquiring an additional 2,745 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Caterpillar by 18.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 191,640 shares of the industrial products company’s stock valued at $63,202,000 after purchasing an additional 30,070 shares during the last quarter. Finally, Mission Wealth Management LP boosted its stake in Caterpillar by 32.3% during the 1st quarter. Mission Wealth Management LP now owns 10,612 shares of the industrial products company’s stock valued at $3,500,000 after purchasing an additional 2,593 shares during the period. 70.98% of the stock is owned by institutional investors.

Insider Activity

In other news, Chairman Donald J. Umpleby III sold 17,166 shares of the company’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $505.29, for a total transaction of $8,673,808.14. Following the completion of the sale, the chairman directly owned 448,173 shares of the company’s stock, valued at $226,457,335.17. This represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the completion of the transaction, the insider owned 8,632 shares of the company’s stock, valued at $3,605,586.40. This trade represents a 20.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,985 shares of company stock worth $25,559,300. Insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

NYSE:CAT opened at $528.75 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. The business’s 50-day moving average price is $446.55 and its 200 day moving average price is $386.71. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $531.56. The firm has a market cap of $247.71 billion, a P/E ratio of 26.89, a PEG ratio of 3.09 and a beta of 1.46.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The business had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $16.14 billion. During the same quarter last year, the business posted $5.99 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $6.04 annualized dividend and a dividend yield of 1.1%. Caterpillar’s dividend payout ratio is currently 30.72%.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price target on Caterpillar from $500.00 to $570.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Truist Financial raised their target price on Caterpillar from $507.00 to $582.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Evercore ISI upgraded Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price target for the company in a research report on Tuesday, August 19th. Robert W. Baird raised their price target on Caterpillar from $495.00 to $540.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Finally, Citigroup lifted their price objective on shares of Caterpillar from $540.00 to $570.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $501.47.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.